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FHEQ vs FENI

Fidelity Hedged Equity ETF vs Fidelity Enhanced International ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FENI

Fidelity Enhanced International ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$9.1B

Key differences

  • FENI costs 0.20% less per year.
  • FENI is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
  • FHEQ is classified as alternative, while FENI is equity — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FENI uses active selection.
  • FENI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FHEQFENI
Annual cost (TER)0.48%0.28%
Fund size (AUM)$829M$9.1B
Since20242007
Dividend yield0.61%2.93%
Asset classalternativeequity
Regioneurope
Strategytactical allocationactive selection
CAGR 1Y+21.3%+28.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%15.57%
Max drawdown-11.12%-14.20%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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